Although most digital currencies saw gains in the past month, the me token shiba Inu lost over 17% within the last 30 days. Despite the fact that shiba inu is down 72% from the crypto asset’s all-time high, shiba inu is still up 37,130% against the U.S. dollar over the last 12 months. The number of holders of shiba Inu has fallen 3.55% since March 15 from 1.19million to 1.15million holders over the past five days.
3.5% Slide for SHIB Holders in Three Days
The meme coin economy’s value has dropped significantly over the past six months, which is why there’s less interest in tokens. At the time of writing, the meme coin economy’s market valuation is $30.2 billion and a great majority of that value belongs to dogecoin (DOGE) and shiba inu (SHIB). SHIB, DOGE and other top meme coin assets enjoyed a remarkable year of market performance. However, DOGE has continued to decline in value. Current shiba-inu (SHIB), has fallen 5% and 17% respectively over the past 30 days.
Moreover, statistics indicate that the number of SHIB holders today is much less than it was five days ago as 3.55% of SHIB holders have left the meme coin’s ecosystem. According to etherscan.io and coinmarketcap.com, the SHIB number has been declining since March 15, 2022. The number of SHIB holders, or unique addresses, has fallen from 1.19million to 1.15million since that date. It’s not the first time SHIB holders dropped as the number decreased on January 27, but then regained momentum and continued to increase.
The Supply is 64% controlled by the Top 10 Most Richest SHIB addresses. Top 50 own over 78%
14.645 SHIB addresses are active, with 1.15million of them being available. The intotheblock.com data shows that shiba isu (SHIB), boasts a large concentration of large owners (whale count) of which a score of 80 percent. In contrast, the leading crypto asset bitcoin’s (BTC) whale count is much lower, as BTC has a score of 11% in terms of the cryptocurrency’s concentration of large holders. According to statistics, 64.43% of all shiba Inu tokens are owned today by the ten most wealthy SHIB addresses.
SHIB’s top 20 wealthiest addresses hold 71.72% of total SHIB supply, while the 50 most wealthy addresses have 78.59%. Again, to show the difference between two crypto assets, bitcoin’s richest ten addresses hold 5.59% of BTC’s supply and the top 50 addresses only hold 11.40% of the current BTC in circulation. While SHIB is up 37,130% against the U.S. dollar in a year’s time, only 40% of SHIB holders have profited at the current price level.
SHIB’s users who transacted with $100K in shiba Inu over the past seven days have moved $516.49 Million worth of SHIB in that week. SHIB is also very concentrated with the trading pair tether (USDT), as the stablecoin represents 61.39% of SHIB’s 24-hour trades. The USDT follows BUSD (9.52%) and TRY (6.75%). DOGE is at 0.2%. Binance is Hitbtc. Digifinex. Kucoin. Huobi and Crypto.com are six of the most active SHIB Exchanges.
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